Kathmandu. Life Insurance Corporation (LIC Nepal) for the fiscal year 2082. The company has made public the unrevised financial statements for the third quarter (July-March) of 83 B.S.
According to the financial report, the company has earned a net profit of Rs 32.45 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 23.60 crore in the year ended March 1982. The company’s profit increased by 35.78 percent compared to the previous year.
During the review period, the company had a share premium of Rs 49.80 crore, catastrophe fund of Rs 76.50 crore, retained earnings of Rs 2.57 billion and other equity of Rs 36.34 crore. As of mid-July of the previous year, the company had invested Rs 498.0 million in share premium, Rs 73.29 crore in catastrophe fund, Rs 3.45 billion in retained earnings and Rs 394.1 million in other equities.
As of mid-April of the current fiscal year, the company’s life insurance fund stood at Rs 143.36 billion. In the same period of the previous year, the life insurance fund was Rs 129.80 billion. The size of the life insurance fund of the company has increased by 10.45 percent in the review period compared to the previous year.
The company has earned Rs 15.17 billion in total insurance premiums in the review period. The company had posted a net profit of Rs 14.03 billion in the same period. The company’s total premium has increased by 8.08 percent compared to the previous year.
The company has earned Rs 15.10 billion in net insurance premium till mid-April of the current fiscal year. The company had posted a net profit of Rs 13.95 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 8.22 percent.
The company’s annual earnings per share (EPS) has increased to Rs 7.77 from Rs 5.50 billion. The EPS was Rs. 5.72 a year ago. The company has a net worth per share of Rs 176.47 with a P/E ratio of 106.84 times.
